Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 12 milliondollars and a standard deviation of 1.3 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarteris in the bottom 20% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered"failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimalplace.|| million dollars

Given that Mean=12 Standard deviation=sigma=1.3 X~Normal(mu=12,sigma=1.3)

Answered: Suppose that the quarterly sales levels…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Suppose that the quarterly sales levels among health care information systems companies are approximately normallydistributed with a mean of 11 million dollars and a standard deviation of 1.4 million dollars. One health care informationsystems company considers a quarter a "failure" its sales level that quarter is in the bottom 15% of all quarterly saleslevels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" bythat company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
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Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 8 million dollars and a standard deviation of 1.1 million dollars. One health care information systems company considers a quarter a “failure” if its sales level that quarter is in the bottom 10% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered “failures” by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
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Suppose that the quarterly sales levels among healthcare information systems companies are approximately normally distributed with a mean of 12 million dollars and a standard deviation of 1.1 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 15% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by that company and quarters that are not. Carry your intermediate computations to at least four decimal places. Round your answer to one decimal place.
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